morning an chase rose like a phoenix. he managed to steer his megabank through the crisis relatively unscathed. his institution required no bailout. preserves thousands of jobs by taking over distressed banks that no other company would and void most of the risky mortgage related bets that other firms had not. that was the story put out there by jpmorgan chase's p.r. team and accepted wholesale by the media. then this summer, jpmorgan announced it had sustained huge losses on risky bets made by a rogue trader knick navalled the whale. critics began to focus on jpmorgan's long list of regulatory failures. with dimon sustaining a blow to his reputation, the question being asked by wall street critics are the huge financial institutions too big to fail but too big to manage as well? joining us is reuters columnist bethany mclean who co-authored a profile of jamie dimon for this month's "vanity fair." jamie dime on the line. thanks as always for joining us. >> thanks for having me. >> eliot: is jamie the last big repentant ce